|Hong Kong Authorized UCITS|
|Ping An of China Asset Management Fund -|
|Emerging Market Income Fund|
Important information: The Fund invests mainly in debt securities issued in emerging market countries. The Fund is subject to the key risks associated with debt securities, emerging markets, below investment grade securities and volatility and liquidity.
Investments in emerging markets may involve a greater risk than developed markets and the likelihood of a high volatility.
The Fund's net derivative exposure may be up to 50% of the Fund's net asset value. The use of financial derivative instruments may involve additional risks. In respect of distributing share classes, the Sub-Fund may make distributions effectively out of capital. This would amount to a return or withdrawal of part of the amount of an investor's original investment, or from any capital gains attributable to that original investment. This may result in an immediate decrease in the NAV per share.
You should not make investment decision on the basis of this marketing material alone. Please read the Hong Kong Offering Documents details and risk factors.
Investors are responsible for their investment decisions and should ensure that the intermediary has advised on Sub-Fund's suitability and consistency with their investment objective. If in doubt, please seek independent financial and professional advice.
|Fund Manager||Ping An of China Asset Management (Hong Kong) Co. Ltd|
|Fund Size||USD 50.6 million (28/4/2023)|
Class RE – USD – Unhedged (D) USD 80.46
Class RE – HKD – Unhedged (D) HKD 81.14
USD UH S R USD 93.65
USD AIN R USD 85.24
USD AIN D USD 75.34
|Dealing Frequency||Daily (Business Day in Luxembourg and Hong Kong)|
|Dividend Policy||Dividends, if any, will be declared in June and/or December and distributed out of the net income of the Fund semi-annually. Dividends are only applicable to Distribution (D) Share Classes.|
The Fund aims to maximize total returns on a rolling twelve month basis with target levels of volatility comparable to various fixed income asset market conditions, by investing in debt securities of emerging market countries. The Fund aims to achieve absolute return from investment income and long term capital appreciation.
The Fund will invest at least 60% of its net assets in bonds, debt securities, convertible instruments issued by governments, government agencies and/or companies that have their registered office in, are located in or do most of their business in emerging market countries (i.e. countries that are in the MSCI ACWI and Frontier Markets Index (MXWDFM Index).
|Minimum Initial Investment Amount:||Class RE Shares USD 10,000|
|Minimum Holding Amount:||Class RE Shares USD 10,000|
|Minimum Subsequent Investment Amount:||Class RE Shares USD 10,000|
|Minimum Redemption Amount:||Class RE Shares USD 10,000|
|Switching Fee:||0.2% (Shareholders may request switching of their shares from one Class to the same Class of another Sub-Fund)|
|Financial Year End:||31 December|
|Management Company:||Carne Global Fund Managers (Luxembourg) S.A.|
|Custodian & Administrator:||HSBC Continental Europe, Luxembourg|
|ISIN Codes||Class RE – USD – Unhedged (R) LU1859396266|
Class RE – USD – Unhedged (D) LU1859396183
Class RE – HKD – Unhedged (R) LU1859402502
Class RE – HKD – Unhedged (D) LU1859402411
Class RE – CNH – Unhedged (R) LU1859398551
Class RE – CNH – Unhedged (D) LU1859398478
Class RE – CNH – Hedged (R) LU1859399286
Class RE – CNH – Hedged (D) LU1859399104
|Record Date||Ex-Date||Payment Date||Dividend (per unit)||Dividend paid out of capital|
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